Suburban Appeal

Biotech Demand Outstrips Suburban Supply

Trend Is Pushing Up The Cost Of Lab Space

Biotech clusters are forming in communities like Medford and Woburn, as startups lease lab and incubator space at less cost than in Cambridge and leading Route 128 markets. The result: Demand for lab space in suburban Boston is far outstripping supply, with life science tenants in the market for 700,000 square feet and only 400,000 square feet of lab space immediately available, according to a report by commercial real estate brokerage JLL.

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